Morgan Stanley has upgraded UPM-Kymmene from "equal weight" to "overweight," setting a price target of 30 euros, according to Bloomberg News (BN). This adjustment reflects the investment bank's increased confidence in the Finnish forest industry company's growth prospects and market performance.
UPM-Kymmene Oyj is one of the world's leading paper producers. Net sales (including intragroup) break down by family of products as follows:
- papers (40.5%): magazine papers (worldwide No. 1 producer), fine and special paper (No. 1 in Europe; coated and glazed fine papers, packaging papers, letter-head paper, envelopes) and newspaper papers (No. 2 in Europe);
- pulp and timber products (30.1%): pulp, sawn timber and plywood;
- processed products (15.1%): adhesive labels, packaging (for the paper, steel and wood industries), silicon papers for the hygiene products, etc.;
- other (14.3%): primarily electricity production from renewable energy.
At the end of 2024, the group had 54 production plants worldwide.
Net sales are distributed geographically as follows: Finland (12.6%), Germany (10.4%), the United Kingdom (5%), France (3.7%), Poland (2.9%), Austria (1.1%), Europe (18.2%), the United States (17.4%), China (16.9%), Uruguay (1%) and other (10.8%).
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